X Financial Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	987.63	984.61	1,195	602.27	584.76
Cash & Short-Term Investments	987.63	984.61	1,195	602.27	584.76
Cash Growth	0.31%	-17.63%	98.47%	2.99%	-21.65%
Accounts Receivable	3,146	2,030	1,660	1,164	755.37
Other Receivables	-	-	-	15	15
Receivables	8,445	6,858	6,616	5,119	3,656
Prepaid Expenses	43.55	10.68	8.42	22.1	19.33
Restricted Cash	1,146	676.79	749.07	404.69	407.28
Other Current Assets	1,714	1,983	1,743	1,802	1,683
Total Current Assets	12,335	10,513	10,312	7,951	6,351
Property, Plant & Equipment	23.9	55.07	59.27	68.55	31.39
Long-Term Investments	1,759	1,012	1,102	688.61	642.88
Other Intangible Assets	39.18	36.59	36.81	36.55	36.82
Long-Term Deferred Tax Assets	455.36	197.71	135.96	88.43	274.87
Other Long-Term Assets	53.36	5.71	4.64	4.52	6.08
Total Assets	14,666	11,819	11,650	8,838	7,343
Accrued Expenses	1,351	1,145	789.72	709.91	451.86
Short-Term Debt	409.53	328.5	565	70.21	166.5
Current Portion of Leases	-	12.73	12.85	11.3	12.33
Current Income Taxes Payable	677.52	591.49	446.5	270.09	117.15
Other Current Liabilities	15.43	146.64	208.97	182.08	634.88
Total Current Liabilities	2,454	2,224	2,023	1,244	1,383
Long-Term Leases	34.81	27.52	37.57	51.19	12.02
Long-Term Unearned Revenue	467.63	164.72	46.6	-	-
Long-Term Deferred Tax Liabilities	69.67	65.96	30.04	0.72	-
Other Long-Term Liabilities	3,803	2,384	3,666	2,789	1,971
Total Liabilities	6,829	4,866	5,803	4,084	3,366
Common Stock	0.21	0.21	0.21	0.21	0.21
Additional Paid-In Capital	3,256	3,207	3,197	3,191	3,160
Retained Earnings	5,484	4,175	2,692	1,623	810.86
Treasury Stock	-967.77	-509.64	-111.52	-124.6	-
Comprehensive Income & Other	63.72	81.05	69.48	63.6	6.31
Total Common Equity	7,837	6,953	5,847	4,753	3,977
Shareholders' Equity	7,837	6,953	5,847	4,753	3,977
Total Liabilities & Equity	14,666	11,819	11,650	8,838	7,343
Total Debt	444.34	368.75	615.42	132.71	190.85
Net Cash (Debt)	543.29	615.86	579.93	469.56	393.91
Net Cash Growth	-11.78%	6.20%	23.50%	19.20%	12.11%
Net Cash Per Share	13.07	12.60	11.96	8.74	7.02
Filing Date Shares Outstanding	38.92	42.21	49.19	48.15	54.85
Total Common Shares Outstanding	38.92	41.78	48.93	47.99	54.85
Working Capital	9,882	8,288	8,289	6,707	4,968
Book Value Per Share	201.35	166.42	119.51	99.05	72.50
Tangible Book Value	7,798	6,917	5,810	4,717	3,940
Tangible Book Value Per Share	200.35	165.55	118.76	98.29	71.83
Machinery	-	33.82	26.65	26.21	23.12
Leasehold Improvements	-	27.53	24.31	23.71	22.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q